Ebook subscription startup Scribd has acquired Librify, a social reading app, the companies announced today.
In a sparse press release, Scribd argues Librify’s “focus on the social reading experience” made the deal worthwhile. The news arrives at a heated time for the publishing industry, as Amazon, Oyster, and others all fight to be the definitive Netflix for books — all while hawking remarkably similar products.
Reached by VentureBeat, Scribd declined to disclose how much it paid for Librify.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More